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tv   MONEY With Melissa Francis  FOX Business  October 5, 2012 5:00pm-6:00pm EDT

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series. movies brought in estimated $4.9 billion. "casino royale" stands as fan favorite. that is the new version with daniel craig. "goldfinger" is big. golden eye. six bond actors later, viewers favorites all over the board. we'll see you on monday. have a great weekend, folks. melissa: i'm melissa francis and here's what's "money" tonight. a stunning reversal in the unemployment number today but two surveys paint two very different pictures. fill angelides is here from the president's campaign to help us sort it out in a fox business exclusive. we first told you about it yesterday, california is suffering from sky-high gas prices, even from shortages. what is the risk in your area? we've got the details. plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money
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melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night.
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last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey though reported a very different number, only 114,000 people found a job. that means, 759,000 people found a job but they aren't showing up on the payroll. how is that possible? with me to sort it all out, phil angelides, former california treasurer and campaign surrogate for president obama. thank you so much for coming on the show tonight. >> a pleasure. melissa: a lot of people have spent the day trying to reconcile these two numbers. of course these surveys are done very differently. the household people call people at home, say are you looking, are you working? employer survey they grow to the employers look at people on the payroll. one showed 800,000 plus people joined the workforce. the other, 114,000, how do you reconcile those two things? >> let me tell but the big picture first. we have now had consistent
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job growth all way since spring of 2010. we had 5.2 million jobs added. we had another good month, 114,000 jobs plus revisions for the previous two months of another 68,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up
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working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clear. 5.2 million jobs added. as the president came in we were shedding 800,000 jobs a month. i want to tell you, i happen to come from an meeting. i've been in urban development for many years, what we're see something enough demand returning, jobs returning we're considering green lighting a project of $100 million investment here in sacramento, central valley of california, hit very hard by the financial crisis. so we're seeing renewed confidence because people seeing back to work. melissa: we're seeing people back to work but still not back to the employment level we were when the president took office.
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we still have several hundred thousand fewer jobs. i know those were you're talking points. >> no, no, melissa. melissa: according to the household survey, 582,000 people said working part time for economic reasons. what do you think it is going to take to get those people back to full time, those are people would like full-time work? >> well, two things here. we just went through, as you know the biggest financial and economic collapse since the great depression. financial crises result in recessions that are very long and deep. and our climb out is accelerating. and the fact is, that i really believe that the president's agenda of investment in education, more math and science teachers, help for manufacturing in the u.s., reducing oil dependency and balance much trade deficit. melissa: all you've done is talking points. you haven't answer ad single question. we're out of time. could you anticipates one of the questions. >> melissa, here is the facts. the facts are, more people are going back to work. the unemployment rate is 7.8%. this is looking very much like 1984 and ronald reagan.
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unemployment down, people back to work. melissa: thanks for coming on the show. we appreciate your time. >> my pleasure. melissa: so there is big divide in the jobs data today, as we're discussing household survey shows total employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers.
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i believe that. they don't do such a thing. there a anomalies. household survey counts self-employed people. a lot of people established home based business. they have been dissipating savings. that doesn't mean they're fully employed. to have 800,000 jobs created that would be 6% gain in employment in one month. that would be 135% rate per year, or some big number like that. that's crazy. on a compounded basis in economy growing only 1 1/2% a year. that's just silly. my feeling it is a lot of folks, home based businesses. pick up a little more here and there but they're not really fully employed. melissa: gary, do you think that what is going on? >> no, look the household survey produces volatile numbers on employment. that's all there is to it. the last [no audio]
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period since january, the numbers from two surveys are much more similar. there is rise in employment of january 1.3 million in household survey. about 1.03 million, in the payroll survey. yes, the two numbers differ. sometimes we have a reasonable explanation. often we don't. there is just sampling error. that i'm afraid is the explanation. melissa: you think it's a mistake? >> no. i just think that you have to average the two together. the first person who spoke pointed to the correct fact which is over a long period of time say, over the last 11 months, we have a much more consistent picture of slow improvement in the job market. both of series show the same story. yes, it was an unusually big drop in the unemployment rate in the past couple of months but the fact is both surveys are showing over long run that employment is rising about 120, 160,000 a
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month, period. melissa: peter i think this is reason why a lot of people are questioning household survey because the last time we saw more than 800,000 people added to the payrolls, according to household survey, the economy was growing at 8%. better than that. right now it is growing at 1.3%. so it is hard to see from our rate of economic growth. once again, i'm not being partisan. i'm dealing strictly in the numbers. it is hard to see how an economy growing at 1.3% can produce more than 800,000 jobs. what do you think, peter? >> well, certainly not in one month. maybe we just caught a lot of people this month that weren't picked up in previous months. i think what is more important to recognize, that the labor force participation rate, until this month was steadily declining. it ticked up a .1 of a percentage point. more and more people were sitting out game, if we had same number of people, same percentage of adults working or looking for work when mr. obama became president, the unemployment rate would
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be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i would think the other guest would consider that. melissa: gary, last word before we go. >> look the employment rate has risen in last few months. there is no doubt about that. i don't understand this labor force participants rate idea. yes the participation rate is lower when the economy was expanding strongly. yes, that's true but the fact of the matter is, employment has been rising over the last three years, period. it is just not rising fast enough to put a big a dent in unemployment rate as we
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would all like to see, period. melissa: gentlemen, great discussion. thanks for coming on. have a great weekend. >> bye-bye. >> take care. melissa: forget "carmageddon". people in california may not be able to drive in the first place. you remember we told you yesterday how pipeline and refinery shutdowns have caused a spike in prices and even a gas shortage in the state. well, get this. the average price of a gallon of regular gas in california today, is $4.49. it rose 1 cents from yesterday! what a nightmare. rick boon from our fox affiliate kswb joins us from san diego with more. rick what is going on there? >> you mentioned "carmageddon". give you a better word, ga gasaggeddon. this is one of the cheapest gas stations in san diego, 4.59. highest, 4.79. this is one of the lowest priced areas. some gas stations are a lot
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higher than that for the low price of gas. this is happening because of a trifecta going on. we have refinery fires going on. we have a pipeline that's a problem. refineries get this, are on scheduled maintenance. all that together is causing all this on top of that not only is gas too high here in southern california we're running out of it! we have several stations in the area simply out of gas or will be out of gas in the next few days. these are independent stations. some bigger places like shell and chevron and arco, they still have it. slowly their supplies are running down. that is a big fear right now. in los angeles, there's already areas that are running down like a costco. we even had a costco here in town without gas as well. there is major concern of getting gas to us. everyone is wondering when is this going to end? may be up to the governor to start that winter pricing. that may lower the price but that won't happen anytime soon. send it back to you. melissa: maybe they switch over to winter blend earlier and that would free up
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supply. sounds insane. rick, thank you for that report. >> yeah. melissa: we may be feeling pain at the point but it has to be tough to run a fuel distribution business with all this volatile. scott cain is vice president of west hills fuels incorporated. he joins me now on the phone, scott, you have got a pretty big problem on your hands. is it getting worse? >> yeah. it is pure insanity the last few days. three or four-days ago gasoline was 70 cents a gallon cheaper than it is today. and the ironic thing is, that it's anticipated to drop 50 cents tonight. so you've got this huge volatility swins in pricing going on. and it is unprecedented. melissa: wait, with it. why would it drop 50 cents tonight? >> well apparently markets feel some short term refinery issues are going to go away so the price is dropping tonight. so the poor guy who put fuel in his tanks yesterday and needed to sell it at $5 a gallon is suddenly faced
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with losing 50 cents a gallon tomorrow. so it's, you know, it's impossible to time the market, to figure out what to do. and it's an unprecedented situation we have here. melissa: i was talking to a guy who owns a gas station a short time ago. he said his distributor, a guy just like yourself, is selling to him for $5.05 a gallon. he has to turn around and charge about 5.50 to cover the rest of his costs. does that sound right to you? >> that's, if the especially if that is in southern california that's true. melissa: yeah. >> that's exactly the case and some, some small independent distributors are just saying, i can't compete with somebody across the street who is, you know, still 4.0 a gallon. i have to be at 5.30 a gallon. so they're just shutting their pumps down. melissa: scott, are you making money or losing money. >> i tell people i have margins in place, whether fuel is $2 a gallon or $5 a
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gallon i still make my margins. it is more expensive to finance the whole operation when you have volatile swings in price. >> do you have enough supply to distribute gastations that want gas from you or are you running out? >> fortunately we're served out of the bay area there is not as many problems in the bay area other than the chevron refinery. and so we've still got adequate supply and, you know, that's the main thing. prices are one thing but if you can't get fuel in the tank that quite another. melissa: this is crazy situation, scott. i hope you will come back and tell us what happens going forward because i'm shocked to hear you say you think prices are going to drop 50 cents overnight. it has been all over the map. maybe you can come back next week and tell us what is going on. have a great weekend. >> thank you. melissa: that's bizarre. time now for today's energy report. where we break down the biggest headlines affecting the industry and their impact on the economy besides that insanity going on in california. sun's elections in venezuela could have a huge impact on
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oil prices. believe it or not experts are saying hugo chavez may lose for the first time in 14 years. his challenger, is just left-of-center and promising to increase oil production by $6 million barrels a day. right now venezuela produces 1.7 million barrels a day. that is down 25% from 2001. if chavez loses, that is good news for gas prices. stay tuned on that story. chinese energy giant, cnooc, $15 ball takeover deal of canadian energy company, next son could be at risk. they are calling on the conservative government to reject the deal saying review process gives no assurance that is the deal would benefit canada. radical blake from longstanding policy, russia is now considering allowing western companies to own oil licenses in arctic waters. for years those have only gone to state-owned groups. that's a big development. u.s. crude oil futures fell 2% today and posted a loss for the week to settle
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just under $90 a barrel. refinery problems around the country like the ones we were just telling you about mean less demand for oil to process and that's why oil prices fell today. all right, iran's currency collapse continues. is the regime imploding? that is coming up next. plus the financial crisis in greece getting so bad the prime minister expresses fears that if they don't get aid soon they could see a rise of a right-wing neo-nazi party. we've got details on all that coming up. more nonany on the other side of this break. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪
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melissa: this is it story we're following very closely here on "money". it's huge and i feel like we're only one doing it. runaway inflation in iran caused a free fall in the value of the rial in the past 10 days. citizens protesting in the streets and reports of wide spread spread hoarding. could this topple the iranian regime? let's turn to former ambassador to the united states ambassador john
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bolton. thank you for coming back to the show. have you been following the story? >> i don't think it is as serious as demonstration in the street might indicate. obviously the collapse of the value of the rial versus the dollar is a problem for the government. remember also, they have been anticipating the sanctions for a long time. they have huge dollar reserves that they are, that they are using now. and the cost of the nuclear weapons program is really a small fraction, even if they're reduced international oil sales. melissa: yeah. >> so it's a bad thing, no doubt about it, but not a regime-threatening thing. >> we're looking at note he is of people lighting fires in the street and rial collapsed 70% over the past year and you don't think that is a big deal? >> i think if the demonstrations were serious they would have been repressed the same way the regime depressed demonstrations after fraudulent elections of june 2009. you know most iranians, the vast majority of the people
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couldn't care less what the exchange value of the currency is because they have no need of dollars and they don't buy on the international markets. they don't consume goods that you import with dollars. the regime understands that. this is limited number of people. i'm not saying it is a good thing but it is not reg agreement threatening. melissa: i'm reading reports of people hoarding milk, hoarding bread. not buying meet. buying only enough to get through the day. you think these are not accurate reports or not serious? >> well they may well be. the economy in iran is not in good shape but not because of sanctions but because of 30 years of an economy being run by religious leaders. this is rarely a good thing to do and iran is proof of that. melissa: you say, that if these demonstrations were as out of control as the pictures and some of the videos that i've seen on youtube make it seem, that they would go in and suppress it.
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maybe they're not suppressing it because they're losing control? >> okay. well let's bet a buck on it and see you next week. melissa: no, no please. you are the expert. i'm just asking you because i'm looking at pictures and looking at video and i'm reading reports. to me it looks like it's a big problem and you just really don't think so? >> i don't think so. there have been demonstrations around iraq, around iran for three decades because of economic mismanagement. i don't think this regime is popular and i don't think it's handled the economy well for 30 years but, you know, the soviet economy wasn't handled well for 70 years and it took a long time for that government to fall. melissa: ambassador bolton, thanks so much for coming on the show. very interesting perspective. i learn something new every time we do these segments. thank you for coming on. >> thank you. melissa: coming up greek officials saying they can't make it past november without international aid or the risk of falling further into the abyss. serious concerns over new
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fracking regulations by the epa. could they stop the current boom from reaching its full potential? north dakota senator john hoeven will join me in a fox business exclusive. do you ever have too much money? ♪ . it's the little things in life that make me smile.
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oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ . melissa: europe and the economic crisis you have to care about this because it could have major impact on our markets in greece and spain detruck. now the greek prime minister is warning the nation's financial situation is so severe that the government will fall if they don't get aid by november.
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and the antonio samaras says it could have rise of a right-wing, neofascist party. is this possible or is he crying wolf? let's ask my favorite professor, from university of the chicago. always a pleasure to see you. >> thank you, melissa. melissa: what do you think about this? is he crying wolf? >> i think he is pointing to a real problem but i think he is is exaggerating it. let me say, one thing you said a little bit earlier in the show, you're the only show to focus on the economic problems in iran. i think you've been only show to focus on the political dim men shun of the euro -- dimension of eurozone crisis. we've talked about it a lot. what you're seeing, the risk that samaras was talking about in greece, there was example of it as well in france just today. melissa: the problem is that these governments topple as a result of what's going on financially and what replaces them may be a real
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problem for the u.s., right? i mean where do you see this? it's going on in greece and where else? >> well, it's not just that they will topple. it's that smart political leaders in power don't want to take actions that they think will lead to their own defeat. so, remember, in, in the aftermath of the stock market crash of 1929 and sinking of the world economy into depression, after that, there were the rise of both left-wing and right-wing parties. some of them tried to kind of combine those elements. remember the nazis called themselves the national socialists. they were not getting a large amount of votes until the german economy crashed. so this specter of nationalist parties is something that's part of european history. that's something, it is ironic to have the greeks talking about neo-nazies rising and threatening the germans with it. remember what is happening now is that merkel is going
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to be visiting greece. why is she doing that? i think what she is doing is sending a message to all of europe and especially to the greeks, that germany does not want to see the greek economy crumble or to exit the eurozone, at least, for the next six months or so. melissa: before we run out of time, i thought of you when mitt romney mentioned spain during the debate. let me play that clip and get your reaction on the other side. >> spain, spain spend 42% of their total economy on government. >> okay. >> we're now spending 42% of our economy on government. i don't want to go down the path of spain. melissa: what do you think? are we going down the path of spain? >> i think that this is one of the great political debates of our time and i think that mitt romney was right to join it with president obama. i think president obama's policies and his political vision are fundamentally that of french democrats,
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rather like francois hollande. i think mitt romney's are a traditional conservative republican. i thought during the debate he sounded actually, he echoed themes that you would associate with dwight eisenhower. so i think this is a great debate to be joined politically. i think that romney is raising real risk but there are people on the left who would like to see a stronger centralized government, not just as a safety net but all of these elements and you can see what the problems are. as margaret thatcher once said, the problem with socialism that sooner or later you run out of other people's money. melissa: right. absolutely. professor, thanks for coming on. have a great weekend. >> you too. melissa: so here's the question of the day, will president obama get a bump in the polls next week because of today's jobs report? we want to hear what you think. like us on facebook at facebook.com/melissafrancisfox
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or follow me on twitter at melissaafrancis. frustration over a fracking rules has a bipartisan group of senators fighting back. north dakota senator john hoeven is here exclusively to explain. plus the national hockey league canceled 84 games on a fight how to split up $3 billion in revenue? how much do they stand to lose? the at end of the day, it is always about money. ç
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♪ . melissa: what the frack? that is what members of the u.s. senate committee on environmental public works must be thinking. a group of them are venting frustrations to the environmental protection agency for increasing regulation of hydraulic
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fracking. so how are the epa's fracking guidelines stifling the industry? with me in a fox business exclusive, senator john hoeven from north dakota. thank you so much for joining us. i took some time to look through these rules and they seem like they mostly revolve around additional permits. i see permit for use of diesel fuel when you're tracking. i see a permit for drilling on native-american reservations? is that so bad? >> well, melissa, just to give you a sense of how this works, in the state of north dakota on private lands we can permit a well in about 10 days. however on federal lands, public lands, it takes anywhere from 180 to 290 days, almost a year, to get a permit. and that's why in this country you see oil production growing on private lands but declining on public lands. and that is exactly why i put legislation in the empower states act to make sure we're able to permit oil wells in a timely way
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and do hydraulic fracturing or fracking as you said. melissa: why does it take so much longer? i apologize. we have a delay here. we have to bear with that. >> well, the problem is, the federal rules are so burden kensome and -- burdensome and complex the industry can't figure how to work through them. instead of taking a 10 days to get a permit, you're talking about 290 days to get a permit if you're able to get one at all. it is not necessary. it does not provide environmental protection. we should have a states first approach where the states provide the permitting under broad standards set by the federal government. that protects the environment and we produce more energy, domestic energy an jobs from this country. melissa: can you tell me physically what takes the process so much longer? is it your filling out pieces of paper you send them in and don't hear back forever? what in the permitting
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process takes gap 10 days, couple days in one situation and 290 days in the other? what is it? >> melissa, frankly it is federal bureaucracy. it is red tape. it is epa. bureau land management. what they're doing, they have got a very lengthy, extensive and uncertain permitting process that ties up industry for no real benefit that means less domestic oil, less domestic energy and fewer jobs. melissa: so what's the answer? is it no permits at all? is there a way to expedite the process? do you do the permits locally? what's the answer? >> well, that's, i appreciate you asking that question. that's my point. here in the state of north dakota we're a good example. on private lands we get the wells permitted in 10 days. with the legislation i put forward, empower states act, i have senator mikulski and
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ranking energy and senator mcconnell and others states take states first approach they do permitting under broad guidelines set by the federal government. that is very typical approach used throughout the energy industry. that's we need to do for fracking. melissa: senator, thank you so much for coming on. good stuff. should professional hockey players get at least half of the revenue brought in from their games? what if that amounts to $3 billion? well the league doesn't think so. now the first two weeks of the season have been canceled. we'll talk about all the money at stake coming up next. "piles of money" on other side of this break. ♪
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♪ . melissa: so hockey players are infamous for fighting on the ice but they're now in a fight against their own league and all over $3 billion. the nhl canceling all 82 games in the first two weeks of the season as the lockout enters its third week. it is all about how much revenue the players should get versus the league. so far the lockout cost the
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league $100 million. the players even more. with billions at stake, will either side give in? what does it mean for the futuf the nhl? here to crunch the numbers fox sports radio ho.t. "the brick.". we always appreciate your time. break this down for me? what are they fighting over this one? >> this is really ugly because both sides don't like each other. 57% of the revenues in the last day came out of the lockout in 2004 into 2005 now the owners want to get back some of that revenue. they would like to take the players back down to below 50% of the revenue. the players will not stand for it. i think big issue here, donald fehr represents players union. he represented baseball players union. he loves this. his name only comes out when there is lockout or a strike. this guy is the problem here. he dug in. gary bettman, the commissioner of the nhl, he
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can't walk into an arena without getting booed out of an arena even giving away the stanley cup. two sides dug in. this is getting uglier over the next couple weeks. melissa: who do you think is right? >> well i understand the owners because this sport, the fan basis dwindling. the die-hard hockey fans are going nowhere. the season ticketholders who love the sport. but october is the best month in all of sports. you have the nfl, college football. we have two baseball playoff games today. the average sports fan could care less about this they just want to watch hockey. those are the fans, melissa who are going away. if you want to go to a hockey game to see rangers in new york, that's a tough ticket. but a lot of arenas, tickets are available, and common fan will not get off the couch to go to hockey game both sides are squabbling. melissa: do they risk doing serious damage here? sound like you think they do? >> definitely. i know this for a fact. my entire career on sports talk radio, 15 years this
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sports disappeared on my radio show. i fight for it. cities such as boston, detroit, nashville, los angeles. they're passionate about their teams. i'm telling you they continue to push the fringe fan away. they don't have a great television deal. and basic sports fans who want to watch the sport. really like the fact that the l.a. kings were the 7th team in seven years to win the stanley cup. fan interest is back. but pushing those fans away again, i'm telling you eventually they're going to kill the golden goose. melissa: what is your prediction on outcome of this one? >> here is what i think. the average hockey play play ownly 3 1/2 years. if they miss this year, they will lose 0% of the their career earnings. time for the players to give in. and take it on the chin . a lot of great hockey players are playing in russia, in europe. they have opportunities to make money globally.
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what i think will happen once the players lose big paychecks next couple weeks. they will tell donald fehr who represents them. do whatever you can to get a deal done. melissa: interesting. >> one last point. think about single mom who lives in glendale arizona, or nashville, minneapolis. second job is pouring beer. taking tickets at a game. loses 40 to 50 nights a year of income trying to put food on the table for her kids? this is disaster for small markets and people that need jobs at the arena. that's a great point. thanks for coming on. have a great weekened. >> you too. melissa: you know exercising regularly leads to higher pay. that is reason to hit the gym, how much more you can make. you can never have too much money
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how do you determine this? are they wearing old alchemist outfit? melissa: we have been trying since medieval times. >> what do you think? group gold. let's see. it does. melissa: let's move on. money update on the 711 election, the polls.. so far obama is winning well
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romney has just 40%. obviously this is not exactly scientific. in the three election cycles since they have been doing it, the results have never been wrong. what do you think? i think, i have no idea what it looked like. at the point in time where you have not had coffee yet are you really looking at what the cup looks like? you grabbing the one that is closest to yu. >> to his drinking coffee at 711. and just saying. if you get it at starbucks said think he might have a closer. >> personally, i would vote for dunkin donuts. new york city to my disadvantage because you can only get a small cup of coffee with the new a politburo. sugar. melissa: you're already angry. last thing on your mind to new york. >> i think you have a different -- i think you have more of a working-class people going to 711 for their coffee as opposed
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to people that will go spend six or seven bucks a starbucks. >> 711 on the way to work. i need coffee. i need coffee. i would say actually that the survey is actually a reverse kind of bizarre world superman kind of survey. angry, have not had coffee, you don't care. if you really wanted romney and picking read you're so angry you pick the blue. so it's all reverse. >> we will see. melissa: all right. moving on, literally. another reason to get in shape. research shows that if you work out three or more times a week you could make more money. on average regular exercise leads to 6 percent higher pay for men, 10 percent higher pay for women. it is because of the boost in productivity. >> back up. back up. this is now a campaign issue. san percent more because you're working and we are only getting 6 percent? candid it's. this they stop.
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>> more to do with people, better looking people. this is not a fact, it has been proven in statistics long, long before this. melissa: i don't know about that. does it mean maybe you are excited and have worked out? demand more? you're not buying it. >> i don't want to make fun of roseanne barr. she was not exactly slim, and she was making millions. >> something you can use. >> she works out. melissa: thank you so much for that. everyone is talking about the problems with american airlines and their seats on planes coming loose. tom sullivan thinks he knows exactly was going on. >> you have heard about the seats coming loose, american airlines, a sum reported stories about the labor-management battles going on with the airline. somehow the media is not connecting these two stories like that have nothing to do with each other. i have no proof about the fact that they are connected, but if you were sent to investigate
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this, where woodstock? first, boeing built over 1,757, seven to 54 airlines, no one has had a single lucy. only american. the companies going through bankruptcy. never have relations with their employees, but the bad blood worse now than ever. and the minutes employees are mad. a company that works of lots of airlines. and no other airplanes they worked on have lose seats. let's review. the company is in a huge battle with employees. thirty year history. things have never come loose. all of them happened within a tin daytime and they all happened at one airline. yet the company and the faa say they were less shenanigans. are they blind? melissa: i don't know about that. be sure to watch the tom sullivan show. seven at 10:00 p.m. on saturday and sunday at 7:00 a.m. and 7:00 p.m. eastern. have a fantastic friday everyone. that is all he

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